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Metalduster

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19/01/18

07:15

Post #: 30401932
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Originally posted by Metalduster ↑

Below is from a post back in October. How far off the mark was the CFO at that time and/or where are these Car Manufacturers who don’t want to be beholden to Chinese suppliers.

Are they still in play??

Md

03/10/17
Time:08:06:55
Post #:27610308

https://thewest.com.au/business/dig...e-to-secure-lithium-says-galaxy-ng-b88561463z

"Galaxy Resources chief financial officer Alan Rule says the lithium miner has been in direct contact with major US and European car manufacturers looking to lock in a secure supply of lithium for batteries that will power their electric vehicle models in the years ahead.
Echoing comments by the managing director of fellow lithium miner Pilbara Minerals, Ken Brinsden, at the Diggers and Dealers Mining Forum in Kalgoorlie yesterday, Mr Rule told delegates the big auto manufacturers had done their homework and didn’t want to be caught short.
“They have told us that they have done due diligence on 200 aspiring lithium miners in the world and believe only 10 of them will survive,” he said.
“Not all deposits are of the right quality. They need battery-grade lithium and they want to deal directly with miners because they don’t want to be beholden to Chinese suppliers.”"

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All Galaxy have to do is lock in a major Car Manufacturer and JB and SDV are taken care of.

Five months has passed since Alan Rule put it out there at the Diggers and Dealers that Galaxy has been in direct contact with Auto manufacturers.

Did it fall over?

They (GXY) put it out there with no follow up.

Sipping tea cant be that good that it's made the CEO forget about an update to ordinary Shareholders!

I'm sure there are others informed of the state of play. atm

Md

GXY Price at posting: $3.80 Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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